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Property profile & analytics
OFF-MARKET
Estimated value
$600,000
Super regional malls
1855 41st Ave, Capitola, CA 95010-2511
Entity Owned
15-yr Hold
~
Est. High Equity
Property ID
US09-3659474
Property profile
Verified
Property type
Super regional malls
Use group
REGIONAL SHOPPING CENTER, MALL
Year built
1990
Construction
TILT-UP CONCRETE
Lot
2.59 ac (112,646 SF)
APN
034-261-51
UPID
US09-3659474
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
It's Just Wings Restaurant
-
Santa Cruz Circus Arts Theater & Performing Art Venue DJ & Entertainment
-
Fix Station Capitola Computer & Electronic Repair Tech Support Center
-
Cruz Into Wellness CBD (Bike/Boat/Book/etc) Store Pharmacy
-
EYEXAM of California Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$600k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$600k
Owner & transaction history
Target Corp · 15 yrs held
Target Corp
since 2010
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Capitola submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Capitola submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
$600,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$600k
Range $540k – $660k · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$213,234
Tax year 2024
Assessed value
$18,109,203
Assessed 2024
Previous assessed
$18,109,203
+0.0% YoY
Effective rate
1.18%
On assessed value
Assessed land
$4,270,596
Assessed improvement
$13,838,607
Applied tax rate
3.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Super regional malls
Use group
REGIONAL SHOPPING CENTER, MALL
Status
Off-Market
Year built
1990
Construction
TILT-UP CONCRETE
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Lot
2.59 ac (112,646 SF)
APN
034-261-51
UPID
US09-3659474
Jurisdiction
SANTA CRUZ
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1990
Construction
TILT-UP CONCRETE
Heating
CENTRAL
Cooling
Yes
Stories
1
Lot
2.59 ac
Current owner
From public records · entity-resolved
Target Corp
Entity
Mailing address
PO BOX 72028, PHOENIX, AZ 85050-1018
Ownership since
2010
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 19, 2010
—
Target Corp
Mlcfc 2006-4 Capitola Retail L
Grant Deed
—
Jul 20, 2010
$9,300,000
2006-4 Capitola Retail L Mlcfc
First American Title Ins
Trustees Deed
related
—
Apr 23, 1996
—
Baskin Trust
Baskin Trust
Quit Claim Deed
related
$7,540,000 · Woodmen World Life Ins Society
Jun 29, 1995
$11,600,000
Baskin Trust
Gottschalks INC
Grant Deed
—
—
—
Gottschalks INC
—
Deed Of Trust
related
—
—
—
Gottschalks INC
—
Deed Of Trust
related
—
—
—
Baskin Properties LLC
—
Deed Of Trust
related
$9,000,000 · Borel Private Bank & Trust Co
—
—
Baskin Properties LLC
—
Deed Of Trust
related
$2,000,000 · Borel Private Bank & Trust Co
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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